Top Startup and Tech Funding News for the Week Ending June 27, 2025
Nickie Louise
Posted On June 27, 2025
It’s Friday, June 27, 2025, and the week ends on a strong note as global tech investors continue placing bold bets across AI, infrastructure, defense, and enterprise automation. While headlines were dominated by Thinking Machines Lab’s jaw-dropping $2 billion seed round, today’s broader tech funding activity underscores a clear trend: capital is flowing toward deep tech, agentic AI, and vertical SaaS that can reshape legacy systems.
From autonomous cybersecurity to AI-powered customer support and real-time fashion logistics, the day’s deals reveal investor appetite across sectors that promise speed, security, and scalability. Some startups are taking on massive challenges—like rewriting the laws of navigation (Xona), replacing hydraulic systems (Senra), or fully automating legal work (Harvey)—while others are streamlining the everyday pain points of customer service, recruiting, and payroll.
Investor Activity
Top VC firms, including Andreessen Horowitz, Kleiner Perkins, Coatue, Sequoia, GV, Craft Ventures, and Paradigm, stayed active across stages, while government-linked and strategic investors also made key plays, especially in semiconductors, aerospace, and institutional blockchain infrastructure.
Below is the full breakdown of every tech funding deal announced on June 27, 2025 — including company overviews, key investors, and terms.
Thinking Machines Lab Closes $2B Seed Round
Thinking Machines Lab, an AI startup co-founded by former OpenAI CTO Mira Murati, has closed a massive $2 billion seed funding round. The San Francisco and Boston-based company has assembled an elite team of AI researchers to build advanced AI agents and models. The financing, led by Andreessen Horowitz, values the startup at $10 billion and is believed to be the largest seed round ever raised. Thinking Machines will use the capital to expand its R&D and hire top AI talent as it explores applications in agentic AI.
Funding Details:
Startup: Thinking Machines Lab
Investors: Andreessen Horowitz (lead), Conviction Partners
Amount Raised: $2 billion
Total Raised: $2 billion
Funding Stage: Seed
Funding Date: June 20, 2025
Biren Technology Raises ¥1.5B Ahead of IPO Plans
Biren Technology, a Chinese AI chip startup founded by former SenseTime and Qualcomm engineers, has raised about ¥1.5 billion (≈$207 million) in a fresh funding round. The Beijing-based firm secured most of the funding from state-linked investors, including provincial government-backed funds, as it prepares for a Hong Kong initial public offering. Biren’s new capital will accelerate development of its high-performance AI GPUs, aligning with China’s push to build domestic semiconductor champions under export restrictions.
Funding Details:
Startup: Biren Technology
Investors: Guangdong and Shanghai government funds (lead)
Amount Raised: ¥1.5 billion (~$207 million)
Total Raised: Not disclosed
Funding Stage: Strategic Round
Funding Date: June 26, 2025
Abridge Secures $300M Series E for AI Healthcare
Abridge, an AI-powered medical note-taking startup, has raised $300 million in a Series E round, boosting its valuation to about $5.3 billion. The Pittsburgh and San Francisco-based company was founded in 2018 to automate clinical documentation. The round was led by Andreessen Horowitz and joined by Khosla Ventures.
The new funding will be used to develop additional AI-driven healthcare products and expand Abridge’s customer base in hospitals and clinics.
Abridge’s AI listens to patient-clinician conversations and turns them into structured clinical note drafts in real time, automatically syncing with the electronic health record system. The tool is now live in over 150 health systems, up 50% in just four months. Abridge says it’s on track to handle more than 50 million medical conversations this year.
Funding Details:
Startup: Abridge
Investors: Andreessen Horowitz (lead), Khosla Ventures
Amount Raised: $300 million
Total Raised: ≈$800 million
Funding Stage: Series E
Funding Date: June 27, 2025
Harvey AI Raises $300M Series E at $5B Valuation
Harvey AI, a startup providing generative AI tools for legal work, has raised $300 million in Series E funding, increasing its valuation to $5 billion. The three-year-old company’s round was co-led by Kleiner Perkins and Coatue, with participation from Conviction Partners, Elad Gil, Sequoia, and the OpenAI Startup Fund. Harvey’s AI assistant automates tasks like contract review and legal research. The new capital will fund expansion of its engineering and sales teams and development of new AI services, as the company looks to enter related fields such as tax and accounting automation.
Funding Details:
Startup: Harvey AI
Investors: Kleiner Perkins (lead), Coatue (lead), Conviction Partners, Elad Gil, Sequoia, OpenAI Startup Fund
Amount Raised: $300 million
Total Raised: ≈$800 million
Funding Stage: Series E
Funding Date: June 23, 2025
Kalshi Raises $185M Series C for Regulated Prediction Markets
Kalshi, a U.S. exchange for event-based contracts, has raised $185 million in a Series C round led by crypto-focused Paradigm. The funding values Kalshi at $2 billion post-money. Kalshi’s platform lets users legally bet on outcomes like elections and sports under the Commodity Futures Trading Commission oversight. The capital will be used to scale Kalshi’s infrastructure and expand its market offerings. This comes as Kalshi’s regulated model sets it apart from unregulated competitors, positioning it for growth in prediction markets.
Founded in 2018 by MIT classmates Tarek Mansour and Luana Lopes Lara, Kalshi has had its share of legal battles. Last year, it successfully challenged the Commodity Futures Trading Commission in court and won the right to offer contracts tied to the presidential election.
Funding Details:
Startup: Kalshi
Investors: Paradigm (lead)
Amount Raised: $185 million
Total Raised: Not disclosed
Funding Stage: Series C
Funding Date: June 25, 2025
Digital Asset Raises $135M for Canton Blockchain
Digital Asset, the blockchain technology firm behind the privacy-focused Canton Network, has raised $135 million in a strategic funding round. The financing was led by DRW Venture Capital and Tradeweb Markets, with major participants including BNP Paribas, Circle Ventures, Citadel Securities, IMC Trading, DTCC, Virtu Financial, and Paxos.
Digital Asset’s funds will accelerate institutional adoption of the Canton Network, which already supports tokenized real-world assets like bonds and funds. The company plans to onboard more financial firms and assets onto its interoperable blockchain protocol to drive broader industry use.
Founded in 2014 by former trader Yuval Rooz, Digital Asset brands itself as a regulated player in a market that’s long struggled with trust and transparency. The firm has been building tools for financial giants like Goldman Sachs, Virtu, and Citadel, aiming to make blockchain useful for the kind of institutions that move trillions, not just tokens.
Funding Details:
Startup: Digital Asset
Investors: DRW Venture Capital (lead), Tradeweb Markets (lead), BNP Paribas, Circle Ventures, Citadel Securities, IMC, DTCC, Virtu Financial, Paxos
Amount Raised: $135 million
Total Raised: >$440 million
Funding Stage: Strategic Round
Funding Date: June 24, 2025
Decagon Raises $131M Series C for AI Customer Service
Decagon, a San Francisco startup offering AI customer support agents, has raised $131 million in a Series C funding. The Series C was led by Accel and Andreessen Horowitz, with participation from A* (A-Star Capital), Bain Capital Ventures, Bond Capital, Avra Capital, Forerunner, and Ribbit Capital.
The funding doubles Decagon’s valuation to $1.5 billion and comes on the heels of a $65 million Series B last year. Decagon’s technology provides automated chat and voice support that serves clients like Duolingo and Chime. The new capital will help Decagon grow its engineering and sales teams to accelerate adoption of its AI agents across enterprises.
Funding Details:
Startup: Decagon
Investors: Accel (lead), Andreessen Horowitz (lead), A-Star Capital, Bain Capital Ventures, Bond Capital, Avra Capital, Forerunner, Ribbit Capital
Amount Raised: $131 million
Total Raised: $196 million
Funding Stage: Series C
Funding Date: June 23, 2025
Neuron23 Nets $96.5M Series D for Parkinson’s Therapy
Neuron23, a clinical-stage biotech developing precision therapies for neurological diseases, has raised $96.5 million in a Series D round. A healthcare-focused investor led the round, and existing backers including Westlake Village BioPartners, SoftBank Vision Fund 2, Redmile Group, Blue Owl, Kleiner Perkins, HBM Healthcare, and Acorn Bioventures participated.
Neuron23’s lead program targets genetically-defined Parkinson’s disease using a brain-penetrant LRRK2 inhibitor. The funding will support Neuron23’s ongoing Phase 2 trial and further development of its pipeline of targeted neurological therapies.
Funding Details:
Startup: Neuron23
Investors: Westlake Village BioPartners, SoftBank Vision Fund 2, Redmile Group, Blue Owl, Kleiner Perkins, HBM (lead investor)
Amount Raised: $96.5 million
Total Raised: Not disclosed
Funding Stage: Series D
Funding Date: June 24, 2025
Xona Space Systems Raises $92M Series B for Enhanced GPS
Xona Space Systems, a startup building a satellite-based navigation network, has secured $92 million in a new funding round tied to its Pulsar-0 demo satellite launch. The round includes a Series B led by Craft Ventures and a $20 million Strategic Funding Increase from SpaceWERX (the U.S. Space Force innovation arm).
Xona’s low-Earth orbit constellation is designed to augment and eventually replace traditional GPS for defense, automotive, and logistics industries. The funding will accelerate deployment of Xona’s timing and positioning network, bolstered by prior U.S. Air Force contracts and the support of investors like Lockheed Martin Ventures.
Funding Details:
Startup: Xona Space Systems
Investors: Craft Ventures (lead), SpaceWERX (US Space Force)
Amount Raised: $92 million
Total Raised: $150 million
Funding Stage: Series B
Funding Date: June 26, 2025
XBOW Raises $75M Series B to Advance AI Cybersecurity
XBOW (formerly known as XBow), a Seattle-based startup developing autonomous penetration testing tools, has raised $75 million in Series B funding. The round was led by Apoorv Agrawal of Altimeter Capital, with continued support from early investors Sequoia Capital and Nat Friedman.
XBOW’s AI-powered platform has demonstrated hacker-level performance in security contests. The new funding will accelerate its go-to-market efforts and product development, enabling XBOW to expand its cybersecurity team and bring its autonomous pentesting agents to more enterprise customers.
Funding Details:
Startup: XBOW
Investors: Altimeter Capital (lead), Sequoia Capital, Nat Friedman
Amount Raised: $75 million
Total Raised: $117 million
Funding Stage: Series B
Funding Date: June 24, 2025
Ledgebrook Raises $65M Series C to Expand Insurtech Platform
Ledgebrook, an InsurTech platform for the excess and surplus market, has closed a $65 million Series C round. The oversubscribed round was led by existing investor The Stephens Group, with participation from Duquesne Family Office, Brand Foundry, Floating Point Capital, American Family Ventures, and new backer Hummingbird Nomads. The Boston-based startup will use the funds to hire talent and broaden its insurance offerings, as well as to take on more underwriting risk for partner carriers. The round underscores confidence in Ledgebrook’s founder-led approach, which combines technology and insurance expertise to serve wholesale brokers.
Funding Details:
Startup: Ledgebrook
Investors: The Stephens Group (lead), Duquesne Family Office, Brand Foundry, Floating Point Capital, American Family Ventures, Hummingbird Nomads
Amount Raised: $65 million
Total Raised: $115 million
Funding Stage: Series C
Funding Date: June 25, 2025
Metaview Raises $35M Series B for AI Hiring Tools
Metaview, a London-based HR technology startup, has announced a $35 million Series B round to expand its AI recruiting products. The funding was led by GV (Google Ventures), with participation from Plural VC, Vertex Ventures, Seedcamp, Colle Capital, True Equity, and others. Metaview’s platform captures and analyzes data from recruitment interviews to help companies make hiring decisions. The new capital will be used to broaden its AI “hiring agent” suite across the recruiting workflow. With $50 million in total funding to date, Metaview aims to build on its success as the “#1 AI notetaker” for recruiters by launching advanced AI-driven talent tools.
Funding Details:
Startup: Metaview
Investors: GV (Google Ventures, lead), Plural VC, Vertex Ventures, Seedcamp, Colle Capital, True Equity
Amount Raised: $35 million
Total Raised: $50 million
Funding Stage: Series B
Funding Date: June 27, 2025
Senra Systems Raises $25M Series A for Aerospace Wiring
Senra Systems, a Redondo Beach aerospace startup founded by former SpaceX engineers, has secured $25 million in a Series A funding to “modernize wire harness design.” The round was led by Dylan Field and his fund CIV, with backing from top VCs including General Catalyst, Sequoia Capital, Founders Fund, Andreessen Horowitz, 8VC, and Pax.
Senra develops advanced software and assembly-as-a-service to modernize the design and production of wire harnesses, critical components in aircraft. The funding will help Senra scale its pilot manufacturing line and accelerate development of its wire-harness design software, addressing a long-standing pain point in aerospace manufacturing.
Funding Details:
Startup: Senra Systems
Investors: Dylan Field & CIV (lead), General Catalyst, Sequoia Capital, Founders Fund, Andreessen Horowitz, 8VC, Pax
Amount Raised: $25 million
Total Raised: $25 million
Funding Stage: Series A
Funding Date: June 27, 2025
ZILO Raises $4.5M Seed to Accelerate Quick Fashion Delivery
ZILO, a Mumbai-based quick-commerce fashion startup, has raised $4.5 million in a seed funding round. The round was led by Info Edge Ventures and Chiratae Ventures. ZILO, founded by former Flipkart and Myntra executives, delivers on-trend apparel from brands like Levi’s, Puma, and UCB in under 60 minutes, with instant returns and scheduled home trials.
The new capital will be used to achieve product-market fit, strengthen its hybrid supply chain, and expand beyond Mumbai to other major Indian cities.
Funding Details:
Startup: ZILO
Investors: Info Edge Ventures (lead), Chiratae Ventures
Amount Raised: $4.5 million
Total Raised: $4.5 million
Funding Stage: Seed
Funding Date: June 27, 2025
Waypoint AI Raises €2.7M Pre-Seed to Deploy AI Support Engineer
Waypoint AI, a Prague-based startup, has raised €2.7 million in a pre-seed round to develop its AI-driven customer support automation platform. The round was led by 42CAP and Dreamcraft Ventures, with participation from Berkeley SkyDeck Fund and Lumiere AI Ventures. Waypoint’s software automates triage, investigation, and resolution of software defect tickets by stitching together data from support and engineering systems.
The funding will grow its engineering office in the Czech Republic and accelerate development of its “AI Support Engineer,” which leverages large language models and proprietary knowledge graphs to streamline issue resolution.
Founded in 2024 by Tomas Polivka, Steve Boogar, and Liam Boogar-Azoulay, Waypoint AI built its AI Customer Support Engineer to streamline escalation management—one of the most costly and complex pain points for modern software teams.
Funding Details:
Startup: Waypoint AI
Investors: 42CAP (lead), Dreamcraft Ventures (lead), Berkeley SkyDeck Fund, Lumiere AI Ventures
Amount Raised: €2.7 million
Total Raised: €2.7 million
Funding Stage: Pre-Seed
Funding Date: June 27, 2025
Leaf Raises €1.7M Seed to Simplify Insurance for SMBs
Leaf, a Copenhagen-based insurtech startup, has raised €1.7 million in a seed round to streamline insurance and pension services for small businesses. The funding was led by Caesar Ventures, a German insurance investor, with support from EIFO. Leaf’s platform analyzes a company’s accounting and risk data daily to recommend optimal insurance coverage and suppliers.
The new capital will help Leaf scale its AI-driven advisory engine and expand its user base among Danish SMEs, providing them with personalized insurance oversight and recommendations in a user-friendly platform.
Funding Details:
Startup: Leaf
Investors: Caesar Ventures (lead), EIFO
Amount Raised: €1.7 million
Total Raised: €1.7 million
Funding Stage: Seed
Funding Date: June 27, 2025
Funding Summary Table
| Startup | Investors (Lead and notable investors) | Amount Raised | Total Raised | Funding Stage | Funding Date |
|---|---|---|---|---|---|
| Thinking Machines Lab | Andreessen Horowitz (lead), Conviction Partners | $2 billion | $2 billion | Seed | June 20, 2025 |
| Biren Technology | Guangdong & Shanghai government funds (lead) | ¥1.5 billion (~$207 M) | Not disclosed | Strategic Round | June 26, 2025 |
| Abridge | Andreessen Horowitz (lead), Khosla Ventures | $300 million | ≈$800 million | Series E | June 27, 2025 |
| Harvey AI | Kleiner Perkins (lead), Coatue (lead), Conviction Partners, Elad Gil, Sequoia, OpenAI Fund | $300 million | ≈$800 million | Series E | June 23, 2025 |
| Kalshi | Paradigm (lead) | $185 million | Not disclosed | Series C | June 25, 2025 |
| Digital Asset | DRW VC (lead), Tradeweb Markets (lead), BNP Paribas, Circle Ventures, Citadel, IMC, DTCC, Virtu, Paxos | $135 million | >$440 million | Strategic Round | June 24, 2025 |
| Decagon | Accel (lead), Andreessen Horowitz (lead), A* (A-Star), Bain Capital Ventures, Bond, Avra, Forerunner, Ribbit | $131 million | $196 million | Series C | June 23, 2025 |
| Neuron23 | Westlake BioPartners, SoftBank VF2, Redmile, Blue Owl, Kleiner Perkins, HBM (lead investor) | $96.5 million | Not disclosed | Series D | June 24, 2025 |
| Xona Space Systems | Craft Ventures (lead), SpaceWERX (US Space Force) | $92 million | $150 million | Series B | June 26, 2025 |
| XBOW | Altimeter Capital (lead), Sequoia Capital, Nat Friedman | $75 million | $117 million | Series B | June 24, 2025 |
| Ledgebrook | Stephens Group (lead), Duquesne Family Office, Brand Foundry, Floating Point Capital, American Family Ventures, Hummingbird Nomads | $65 million | $115 million | Series C | June 25, 2025 |
| Metaview | GV (Google Ventures, lead), Plural VC, Vertex Ventures, Seedcamp, Colle Capital, True Equity | $35 million | $50 million | Series B | June 27, 2025 |
| Senra Systems | Dylan Field & CIV (lead), General Catalyst, Sequoia Capital, Founders Fund, Andreessen Horowitz, 8VC, Pax | $25 million | $25 million | Series A | June 27, 2025 |
| ZILO | Info Edge Ventures (lead), Chiratae Ventures | $4.5 million | $4.5 million | Seed | June 27, 2025 |
| Waypoint AI | 42CAP (lead), Dreamcraft Ventures (lead), Berkeley SkyDeck Fund, Lumiere AI Ventures | €2.7 million | €2.7 million | Pre-Seed | June 27, 2025 |
| Leaf | Caesar Ventures (lead), EIFO | €1.7 million | €1.7 million | Seed | June 27, 2025 |
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